Tuesday, May 24, 2011

NPR's All Things Considered Does Piece on Bitcoins

All Things Considered considers Bitcoins, which may add some fuel to the speculative fervor.

May "do for banking what the internet did for publishing" according to NPR.

I am still entranced by how cool Bitcoins are as an idea, but skeptical of how practical it will actually be for a Bitcoin economy to develop.

Also, the value of Bitcoins shot up with a huge block of buying following the segment airing. I wonder if the SEC is going to investigate whether Robert Siegel and Annie Lowrey bought some Bitcoins right before the show...

For more on Bitcoins, read our previous post on Bitcoins, Gold, and Short Domains.